Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 28 January 1947.
Mr Sidney Shephard
, Newark
12:00,
28 January 1947
asked the Chancellor of the exchequer the amount realised from the sale of surplus war stores, both in this country and abroad, since the beginning of the present financial year.
Mr Hugh Dalton
, Bishop Auckland
The total value of such disposals is £214 million, £147 million at home and £67 million abroad.
Mr Sidney Shephard
, Newark
Can the Chancellor of the exchequer say how much he expects to raise from this source by the end of the financial year?
Mr Hugh Dalton
, Bishop Auckland
I think we had better wait and see; it is coming in all the time, and I should not like to risk an estimate so late in the year.
The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.
The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.
The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.
